accounting final bruh just slide it in atp

fuh accounting never taking this god awful class again

record a dishonored note

D - AR/name

C - Notes receivable, Interest Income

Using direct write off method, write off an uncollectibale account

D - Uncollectible Accounts Expense

C - AR/name

Using allowance method, write off an uncollectible account

D - allowance for uncollectibale accounts

C- ar/name

record the adjusting entry for uncollectible accounts

D- uncollectible accounts expense

C- allowance for uncollectible accounts

accept a 60 day notes receivable with 8 percent interest

D- notes receiveable

C- ar/name

pay back the principle and interest on a 90 day note payable with 10 percent interest

d- notes payable, interest expence

C- cash

usnig direct write off method, reopen an account previously written off

d- ar/name

c- uncollectible accounts expense

using allowance method, reopen an account previously written off

d - ar/name

c- allowance for uncollectible accounts

collect principle and interest on a 60 day note recievable with 8 percent interest

d- cash

c - notes recievable, interest income

sign a note payable for an extension of time

d- ap/name

c- notes payable